What happens to the insurance attached to the loan with assignment in favor of the bank if the loan is repaid early and an insured event occurs?
At the early repayment of a loan, the insurance policy is closed because it was agreed upon when granting the loan. Therefore, insurance ceases on the date of credit repayment.
It would be good to consider taking out another life insurance policy, individual. In case you want to always have security, see BT offers: Asirom, Vita Metropolitana or you can contact an insurer. 🙂
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